Kingston, Jamaica – Victoria Mutual Money Transfer Services Limited (VMTS) announced that it has signed an agreement with RIA Financial Services, a wholly owned subsidiary of Euronet Worldwide, Inc. The agreement represents an expansion of the VMTS service through the United Kingdom, Canada and the United States to provide remittances to Jamaica.
Through Victoria Mutual Building Society branches and Victoria Mutual agents, customers will have access to International Inbound Remittances through thirty-four locations across the island.
The agreement also represents an increase in the remittance revenues for VMTS, as well as an increase in the distribution network for RIA.
Allan Lewis, Senior Vice President, Group Strategy, Victoria Mutual, stated, “We are delighted to have signed an agreement with RIA Financial Services, the third largest money transfer company in the world, and a company that is committed as we are to service excellence.
RIA’s presence throughout the key Jamaican sending markets in the United States, Canada and the United Kingdom, along with their rapidly growing network of more than 100,000 locations in 121 countries, will enable Victoria Mutual to extend its reach to Jamaicans throughout the world.”
Juan Bianchi, President and CEO of RIA Financial Services, said, “I am very pleased to announce the agreement with Victoria Mutual. Victoria Mutual has a tradition of excellence in the consumer financial sector in Jamaica dating over a century. RIA shares that core value and both RIA and Victoria Mutual are committed to providing the most convenient, fast, high quality and affordable services in the money transfer industry.”
